Enoc, Emarat Partner for Aviation Fuel Business Continuity

Emirates National Oil Co. Group, or Enoc, and Emirates Petroleum Co, d/b/a Emarat, signed a memorandum of understanding to establish a business continuity plan for aviation fuel.

The agreement aims to boost coordination and enhance the reliability of Jet A-1 fuel supplies, ensuring seamless operations in the United Arab Emirates' aviation sector, according to a Friday release.

The plan will set procedures for the response, recovery, resumption and restoration of operations at both state-owned oil companies, as well as involve regular tests, exercises and staff training.

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SASE:2222

Equities143d ago

Wells Fargo Adjusts Price Target on EQT to $79 From $70, Maintains Overweight Rating

EQT (EQT) has an average rating of overweight and mean price target of $70.76, according to analysts polled by FactSet.

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